Indio, CA 92201,80225 Us Highway 111
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Indio, CA 92201,80225 Us Highway 111
Indio, CA 92201,80225 Us Highway 111
Indio, CA 92201,80225 Us Highway 111
Indio, CA 92201,80225 Us Highway 111

$1,999,000

Est. payment /mo

$1,999,000

Est.Price: ?

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80225 Us Highway 111 Indio, CA 92201

12.56 Acres Lot

SOLD DATE : 06/06/2023

Key Details

Sold Price $1,999,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision Not Applicable

MLS Listing ID 219077637

Sold Date 06/06/23

HOA Y/N No

Lot Size 12.560 Acres

Property Description

FOR SALE, PRIME 12.56 ACRE parcel on Shield near Hwy 111. SUBJECT lot is part of 50 acre Polo Square (PS) Mixed Use Project Master Plan (PMP). Pursuant to PS PMP, approved by City in 2008 (available on city website), the PMP and current zoning approved Hotels, Residential, Commercial Retail & Office Uses. SUBJECT 12.5 ACRE parcel is currently zoned Medium Density Residential (North half aka Northern Parcel B, 7.1 acres) and Mixed Use (South half aka Northern Parcel A, 5.46 acres). North parcel B, 7.1 acres, was previously approved for 56 residential units. Entire lot adopted into Connected Neighborhood designation in 2019, which includes generous density bonus. City historically pro-growth, easy to work with and has generous vacation rental policy. Located minutes from Coachella Music Festival. Next in line development parcel, just over the LaQuinta border (Jefferson Street). Enormous opportunity for SFR, Live-Work Townhomes, Apartments, Assisted Living, Hotel or combination in an area poised for growth. Buyer to confirm all zoning and building information with the City of Indio.

Location

State CA

County Riverside

Area 311 - Indio Central

Exterior

Utilities Available Electricity Available, Natural Gas Available

View Y/N true

View Desert, Mountain(s)

Private Pool No

Building

Sewer Unknown

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by David Leventhal, Broker

GUIDE SoCal

Broker | License ID: DRE#01976964

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